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DCB FINANCIAL CORP. NEWS RELEASE
FOR IMMEDIATE RELEASE
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For Further Information Contact
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Larry D. Coburn
President and Chief Executive Officer
(740) 363-1133
DCB FINANCIAL CORP. TO INVEST IN INSURANCE COMPANIES
Delaware, Ohio, June 29, 2000. DCB Financial Corp. (OTC:DCBF) today
announced that it has entered into an agreement along with four other community
banks, to acquire 50% ownership interest in Century Surety Company and Evergreen
National Indemnity. The remaining 50% of the companies is being acquired by
Avalon National Corporation, and Stonehenge Partners, Inc., a venture capital
firm based in Columbus, Ohio.
Century Surety Company and Evergreen National Indemnity together provide a
wide range of insurance products for small and medium sized companies throughout
the United States. Century Surety Company and Evergreen National Indemnity are
being purchased from Century Business Services, Inc., a leading provider of
outsourced business services.
Larry Coburn, DCB Financial's President and Chief Executive Officer, said,
"We believe this to be an attractive investment opportunity and a natural
expansion of our community banking franchise."
